Nigerian lawmakers on Wednesday said former president Goodluck Jonathan should give evidence at an inquiry into an oil block deal that has become a shorthand for endemic graft. The probe centres on the $1.3 billion sale of OPL 245, an oil block estimated to hold nine billion barrels of crude, to petroleum giants Eni and … Read more
The lack of strong institutions in the energy sector has contributed to challenges currently being experienced in the sector, the Africa Center for Energy Policy (ACEP) has said. The Executive Director of ACEP, Mr. Ben Boakye said, it is important for measures to be put in place to enable energy-sector institutions to be independent and … Read more
The Africa Center for Energy Policy (ACEP) wants institutions in Ghana’s energy sector to be robust and effective in pointing out flaws in government decisions in the sector. According to him, the lack of strong institutions in the energy sector has contributed to challenges currently being experienced in the sector. Speaking to at the National … Read more
Corruption watchdogs alleged Monday that Shell executives knew that money earmarked for a controversial oil deal was being used to bribe senior Nigerian officials, a claim rebuffed by the petroleum giant. The allegations by Global Witness and Finance Uncovered refer to the 2011 purchase by oil giants Shell and Eni of OPL245, an offshore oil … Read more
The Springfield E&P Limited, owners of the West Cape Three Points Block 2 Offshore, is to collect seismic data on the block as part of the exploration and appraisal phase of the project. This is part of the company’s efforts to ascertain the resource allocation of the oil block before it begins development processes needed … Read more
The Chief Executive Officer of the Springfield Group, Mr Kevin Okyere, has called for investment-friendly initiatives from the government to help motivate oil exploration and production (E&P) companies to explore and turn the potential in the business into opportunities for all. With more than 80 per cent of the country’s petroleum potential still left unexplored, … Read more
The brief exchange (as reported by the News Agency of Nigeria via PUNCH newspaper on October 30, 2016) between Former President Olusegun Obasanjo – Onyejekwe and Mrs. Folorunso Alakija at the 2016 Tony Elumelu Foundation Entrepreneurship Forum last weekend was very instructive in so many ways. It was very instructive because it underscored the kind … Read more